Fourth Generation Information Systems Ltd Updates On Scheme Of Arrangement


Tuesday, 12 Feb 2013 03:20am EST 

Fourth Generation Information Systems Ltd announced that the Hon’ble High Court of Andhra Pradesh vide Order dated January 23, 2013 have approved Scheme of Arrangement of M/s. Fourth Generation Information Systems Limited. The Scheme interalia covers reduction of equity capital by 90% and allotment of 1,197,660 new equity shares of INR10 each to its list of members as mentioned in the Scheme of Arrangement and duly approved by Hon’ble High Court. Accordingly, the Company i.e., M/s. Fourth Generation Information Systems Limited is required to allot the Equity shares to the share holders of the Company. 

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